Mixed-Use Asset in North
1752-1760 Solano Ave Berkeley, CA 94707
For Sale
$5,497,000
Fully occupied mixed-use building with retail and office suites.
Property Size18,819 SF
Price / SF$292.10
Days on Market145
Property Features for 1752-1760 Solano Ave
General Information
Standard status
Active
Size
18,819 SF
Listing Agency:
NAI Northern California
(510) 290-9647
Listed By:
James Kilpatrick · License #CalDRE #01277022
Source:
Nainorcal
Added: Mar 6
Changed: Jul 6
Last Checked: Jul 29 at 6:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Northern California
Investment Insights
Based on property information with market context.
Located on Solano Avenue in North Berkeley, this three-story mixed-use building offers a ground-floor retail suite and 18 renovated office suites. The building spans approximately 18,819 square feet and includes 19 gated parking spaces. The property has undergone significant capital improvements under current ownership, including new build-outs, modernized common areas, and upgraded building systems. The property is fully occupied with diversified professional tenancy. Situated in the heart of Berkeley Hills, the location has a Walker's Paradise Score of 94/100 and is surrounded by shops, restaurants, and entertainment. Current rents average $43.11 per square foot per month, while market rents are at $54.03 per square foot per month. The building features renovated and modernized systems, professional wayfinding, and move-in-ready suites.
Key Highlights
- Fully Occupied with Strong Tenancy: 100% occupancy with diversified professional tenants ensures immediate and reliable cash flow.
- Significant Rent Growth Potential: Current rents are below market value, offering substantial upside as leases renew.
- Prime Solano Avenue Location: Situated in the heart of North Berkeley on a vibrant retail and professional corridor with a high Walk Score.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $677.5k | $36.00 |
| − Vacancy | −$50.8k | −$2.70 |
| EGI | $626.7k | $33.30 |
| − OpEx | −$188.0k | −$9.99 |
| NOI | $438.7k | $23.31 |
18,819 SF · lease $36.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.27M
$5.48M – $7.31M
NOI $438,671 @ 7.0% cap · market cap 7.98%
Second Best
Mixed Use
$5.01M
$4.38M – $5.84M
NOI $350,598 @ 7.0% cap · market cap 6.38%
Theoretical Best
Specialty Retail
$7.28M
$6.37M – $8.49M
NOI $509,468 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied mixed-use building with retail and office suites.
Where is this mixed-use property located?
The property is located at 1752-1760 Solano Ave Berkeley, CA.
What is the asking price?
The asking price for this property is $5,497,000.
What are key features of this property?
This property features: Fully Occupied with Strong Tenancy: 100% occupancy with diversified professional tenants ensures immediate and reliable cash flow.; Significant Rent Growth Potential: Current rents are below market value, offering substantial upside as leases renew.; Prime Solano Avenue Location: Situated in the heart of North Berkeley on a vibrant retail and professional corridor with a high Walk Score.
